India-Australia to form panel on supply of cheap LNG for power plants

India and Australia today decided to form a sub-group, which will include senior officials from the government and industry from both sides, to prepare a roadmap on streamlining issues that would help in providing cheap LNG for power plants in the Asian country.

“After my discussions with the industry on LNG, some representatives told me that Indian government will have to take concrete steps to help encourage trade relations.

“So, I have now formed a sub-group, which will be under the Working Group on the India-Australia energy dialogue,” Power and Coal Minister Piyush Goyal told reporters on the sidelines of the India-Australia Energy Dialogue here.

After the energy dialogues with the US and Japan, Working Groups were formed that concentrate on issues which need to be resolved at the government level, he added.

This sub-group will have officials from the Ministries of External Affairs and Petroleum and Natural Gas.

Representatives from PSUs such as NTPC, GAIL and Petronet LNG will also be a part of the group. It will also have two representatives from private firms who have gas-based power plants, Goyal, who also has the portfolio of Renewable energy, added.

This sub-group, in about two or two-and-a-half months, will submit a detailed report on what needs to be done and what are the requirements that need to be taken care of so that power plants in can get cheap LNG from Australia, the Minister said.

“From their side, Austrade, the Australian government’s trade commission, senior Energy Ministry official, official from the High Commission in India looking after energy and representatives from the private sector will be part of the sub-group,” Goyal said.

Continue reading..


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *